legendary trader

Chapter 310 Chapter 311
Zheng Xiaopang was desperate for the trend of the Swiss franc tonight, and began to minimize the trading interface, and ran to the news website to watch the latest international consultation.

Although Chen Fan still maintained his confidence in the Swiss franc, he couldn't be sure when the Swiss franc would rise again, so he gradually became listless.

Bored, Chen Fan asked Zheng Xiaopang: "Is there any news in the West today? You read it with great interest."

"There is no news, but gold may be bullish, should there be another wave of gold speculation." Zheng Xiaopang replied.

"Gold? What's so good about gold." Chen Fan dismissed this kind of precious metal, besides its industrial use, it is social consumption. To be honest, it looks good, but Chen Fan gradually lost interest after having a few gold bumps at home. Maybe it's because of my habit, I'm not as interested in gold as I was when I first became an upstart. Now, in Chen Fan's eyes, gold is just a trading item.

"The second and third largest gold mining companies in the world will start to reduce gold production next month. The world's largest gold mine, the Deft Gold Mine, may be closed. It is said that the reserves have almost been exhausted. If you continue to mine, you will lose money." Zheng Xiaopang pointed out Said while looking at the news on the computer screen.

"When did the news come out? I didn't see it in today's analysis data. This news should have a great impact on gold." Chen Fan was slightly puzzled. These two news have a stimulating effect on gold. have a certain impact on the current price of gold.

"It was just sent out, but there is no basis for the news about the Deft Gold Mine. It is said that the two gold companies issued an announcement. Now that the price of gold is low, they may not be willing to produce it." Zheng Xiaopang laughed. , "But after the gold production falls, it should have a positive effect on the gold market outlook."

"In the short term, it's a bit bearish, and the gold market is not good, so it may be beneficial in the medium and long term to cooperate with upstream companies to cut production and reduce costs." Chen Fan said after thinking about it, "Turn it over and see, I think gold should be at the moment. It's going downhill."

"Okay, let's see how the gold goes." Zheng Xiaopang agreed, and switched a computer screen to the gold market.

Chen Fan also turned his head to look at Zheng Xiaopang, only to see that gold has fallen below 290 yuan per ounce. Judging from the trend line, it should have started to fall about ten minutes before the news went online. It should be well-informed People who knew the news beforehand left early.

"Damn, it really fell. I also said that reducing the gold supply should stimulate the price of gold to rise." Zheng Xiaopang muttered to the side.

"Is there still a chance to enter the market to short gold now?" Zheng Xiaopang asked suddenly, it seemed that he wanted to enter the market to trade gold again.

"Forget it." Chen Fan shook his head, "Although it seems that this news has suppressed the price of gold, the price of gold has been consolidating below 300 meters during this period, and there is no sign of rising at all. For short positions, wait for the news to come out to suppress the price of gold, and entering the market at this time may be just lifting the sedan chair.”

"I can make money, regardless of whether he lifts the sedan chair or not." Zheng Xiaopang is still a little unwilling to give up, feeling that this is another opportunity to short gold. After all, gold fell by 250 yuan in the early stage, and now there are 286 yuan. More than [-]% of the space.

"Forget it, the water of gold is too deep. To be honest, it is not clear who made this news. Maybe there is something tricky behind it." Chen Fan shook his head as he spoke, still disagreeing to enter the market rashly. When shorting gold, I always feel a little wrong in my heart, "It feels a bit risky to trade based on only one public information."

Chen Fan still rejected Zheng Xiaopang's intention and disagreed with shorting gold. Of course, the most important thing is that he was not sure about shorting. The previous few shorts were all at the risk of the boss, and his heart was in his throat. Now he wants to relax. To make more money, it is better to do less short-selling.

And according to Zheng Xiaopang's intention to enter the market to short gold now, it is tantamount to shorting gold when he is long Swiss francs, fighting on two fronts, Chen Fan is not willing to do this at all, and the decline of gold this time is also a bit strange.

Having no feeling for gold, Chen Fan looked away and looked at the Swiss franc again. The trend of the Swiss franc is not very good now, it has fallen to around 0.7092, and it seems that he is going to test the support around 0.7090.

But soon Chen Fan couldn't calm down, because after the price of the Swiss franc fell to around 0.7090, judging from the refreshed transaction data, it seems that the strength of the long position is not strong at this moment, and it seems that the short position of the Swiss franc is more serious at the moment. dominant.

Soon, the Swiss franc fell to 0.7089. Seeing that the Swiss franc fell below the 0.7090 price that had been supported for a day, Chen Fan felt a little bad for no reason.

I always feel that something is wrong there, I seem to have missed something, but I can't think of what I missed.

Leaning back on the back of the chair and meditating, he recalled when he had this feeling before, unconsciously shook his head left and right, moved his neck, saw the gold trend chart on Zheng Xiaopang's side, and suddenly remembered , I feel something is wrong when looking at gold, but what is wrong?

Unable to figure it out, Chen Fan stopped thinking about it, and turned back to look at the computer screen. The exchange rate of the Swiss franc dropped by another point, and it was already 0.7088.

"Don't look at gold, the Swiss franc is a bit dangerous." Chen Fan said to Zheng Xiaopang, "It's a bit strange, it doesn't matter if it doesn't rise tonight, but it's still playing a game of breaking positions. It seems that it plans to wash the dishes."

"What, where did the Swiss franc fall?" Zheng Xiaopang was currently analyzing the technical indicators of gold. He felt that the price of gold should continue to fall in the short term. Lang trend chart, sure enough, the latest price of Swiss franc is 0.7087, which broke the platform a few minutes ago, which means that it has accelerated its decline.

"Be good, don't scare me, I just increased my position." Zheng Xiaopang exclaimed looking at the trend of the Swiss franc.

"What are you yelling about, calm down, calm down." Chen Fan looked at Zheng Xiaopang and smiled, "I guess I just want to wash the dishes again, so it shouldn't be a big problem."

"I'm calm, I'm calm now. Look, Xiaofan, the Swiss franc in our hands will start to fall. Shouldn't we consider earning back the lost money in the gold market?" Zheng Xiaopang looked at The falling Swiss franc and gold said.

"The Swiss franc is just an adjustment, and it will eventually go up. I don't know why the gold fell. As for looking for losses, there is no need at all." Chen Fan shook his head and disagreed.

"Gold has fallen, how can the Swiss franc not fall?" Seeing that Chen Fan was determined not to short gold, Zheng Xiaopang could only shake his head and argue.

"What's the relationship between gold and the Swiss franc? If gold falls, the Swiss franc will fall? Who said that?" Chen Fan sneered.

"The Swiss franc fell last year, which means that its currency was affected by the fall in the price of gold. Of course, it was mainly the United States that attracted gold, and a large amount of money went into the United States." Zheng Xiaopang continued, "In that analysis report"

"Wait." Chen Fan suddenly stopped Zheng Xiaopang and told him to shut up temporarily, but now Chen Fan remembered that when he checked the Swiss franc data, there was indeed an expression in this respect in the data, Swiss precision industry The Swiss government has converted 40% of its foreign exchange reserves into gold reserves. This is why the Swiss franc has been relatively stable, because most overseas investors believe that Switzerland has Sufficient gold is guaranteed. Even if there is any problem in the Swiss economy, Switzerland can use gold as the last means of payment. The Swiss franc is indeed one of the few international currencies with a certain gold content.

Of course, the Swiss franc is also a floating exchange rate system. The Swiss franc is not directly linked to gold, and the gold standard has long been abolished.

It's just that Switzerland has enough gold to guarantee the value of the Swiss franc, and it won't easily become a blank sheet of paper. This is one of the reasons why Switzerland has long-term low inflation.

So it is true that when considering the value of the Swiss franc, it is necessary to take into account the changes in the price of gold. If the price of gold continues to be low, it will indeed have a negative effect on the Swiss franc.

Chen Fan was a little uncertain about the changes in the market for a while. Although the ability showed that the Swiss franc exchange rate was going to rise, the short-term trend could not be grasped. Of course, a short-term drop actually had no major impact on Chaofan Investment's Swiss franc position.

Since the drop in the price of gold may put a little pressure on the Swiss franc, and the temporary pressure on the Swiss franc is not a big deal for the entire investment, there is no need to be nervous at all, just let him wash it, maybe if the Swiss franc is suppressed, there will be more It is also possible that more funds will enter the market to do more, after all, the Swiss economy is really good now.

Why is there negative news about the price of gold at this time?
Suddenly a thought appeared in Chen Fan's mind. He seemed to think that this news was very strange from the very beginning. Could it be that someone deliberately made this news? Ordinarily these news should have been circulated in the market long ago, but Unlike the news this time, the bad news about gold is concentrated in a press release.

So what does it mean to make this news hit gold?Who made it?

"Gold, gold," Chen Fan murmured unconsciously.

"You also think that gold has a chance?" Zheng Xiaopang asked hastily when he heard Chen Fan talking about gold and thought Chen Fan was tempted by the talk.

Chen Fan waved his hand. He didn't think the funds in Swiss francs had anything to do with gold. He felt that it was just a coincidence.

When the Swiss franc is going to rise sharply in the short term, how can the funds that are long the Swiss franc create bad news for gold to indirectly affect the Swiss franc.

And the Swiss franc may indeed be falling because of the news of gold, so the linkage between the two should be just to use gold to wash the market, and it should just want to wash the market.

After feeling that he has seen through the mysteries of the Swiss franc's trend, Chen Fan will be more calm, but it's just a dishwashing, it's no big deal.

But looking back at gold, this is a premeditated attempt to create a bearish atmosphere in the gold market. Now that the price of gold itself is relatively low, who wants to further short gold here?
Chen Fan felt a little incomprehensible, but thinking about Yingjili's large-scale sale of national reserve gold for the so-called relief of financial distress, the status of gold has been shaken. Now that it has the strength, it seems to want to further short gold. What is the purpose?

Really can't think of the reason, Chen Fan can only hold this question in his heart for a while, and wait for the gold to come out before he can judge who is manipulating the gold and what is his intention based on who is making a profit.

Feeling that the Swiss franc may not have any performance tonight. When someone shorts gold, the funds in the Swiss franc may not raise the Swiss franc during this sensitive time. Chen Fan stood up and patted Zheng Xiaopang, "Let's go, tonight There may be no chance."

"Aren't you going to short gold?" Zheng Xiaopang asked a little bit unwillingly.

"I don't see how much room for gold to fall. As for the rise, there is no chance for at least a month." Chen Fan turned and walked out while speaking.

The next day, as soon as Chen Fan walked out of the elevator, he met Zhang Yang. He was holding a stack of documents in his hand. The cover looked a bit like analysis documents from the research department.

"Today's analysis data?" Chen Fan asked.

"Yeah, I just got it in my hand, I haven't looked at it yet." Zhang Yang said with a smile while talking about the things in Yang Yang's hand.

After a brief greeting, Chen Fan went straight back to the office. Regarding today's analysis data, Chen Fan really wanted to see how the research department viewed Swiss francs and gold, and what analysis results they gave.

After reading the information, Chen Fan sat there lost in thought.

The analysis report did not go beyond Chen Fan's guess. He is bearish on the short-term trend of the Swiss franc, and believes that the price of gold will have a short-term downward trend. If the price is lower than 280 yuan, the Swiss franc may bear the pressure of falling gold prices, and it is unlikely to continue the previous rise in the short term. momentum.

However, the reasons for the fall in gold prices are more analyzed from the perspective of supply and demand. As important consumer groups for gold consumption, the Inca and Middle East countries next door have been affected by stagnant economic development and the fall in international oil prices. Their consumption of gold has declined this year. Many, leading to short-term problems in the supply and demand of gold in the international market. In the short term, the economy of Inca and international oil prices are unlikely to turn around. , Temporary production cuts have little impact on gold prices.

Walking out of the office, he first went to Zheng Xiaopang's side. Seeing that there was no one in the office, Chen Fan had no choice but to go to the trading room. Perhaps the fat man had already passed.

Sure enough, when I came to the core trading room, I saw Zheng Xiaopang sitting in it, and the analysis report was still on the computer desk. It is estimated that Zheng Xiaopang came here after getting the information in the office.

"What's the price now?" Chen Fan walked over and asked.

"283 yuan, it looks like it may break 280 today." Zheng Xiaopang replied.

"Where is Swiss Franc?" Chen Fan walked to his seat and started to start the computer, and asked casually.

"7088, I resisted and did not fall." Zheng Xiaopang replied simply.

"What do you think of the analysis report? It's mainly gold." Chen Fan asked.

Zheng Xiaopang turned his head to look at Chen Fan, and said strangely: "Isn't it very clear in the report? We are bearish on gold in the short term."

"You still want to make gold?" Chen Fan touched his forehead and looked at the computer screen, the gold didn't have any brightness.
(End of this chapter)